What are the positives and negatives to home ownership?
Buying a home means more than simply making a monthly mortgage payment. It also means paying taxes, maintenance costs, and insurance premiums. If you buy a condo, town house, or co-op, you’re also taking on the added responsibility of monthly assessments for maintenance of the commonly held property. If you’re a home owner, you shoulder the burden of home maintenance yourself. If the roof leaks, you have to fix it. If the boiler breaks, you must replace it. There is no landlord to call. Continue to read in detail the benefits and possible drawbacks to home ownership.
